Thomas Cook India board approves Rs 150 cr share buyback
PTI, Feb 29, 2020, 12:09 PM IST
New Delhi: Travel services provider Thomas Cook India on Friday said its board has approved a share buyback programme for a total consideration of up to Rs 150 crore.
The board of directors of the company at its meeting held on Friday approved buyback of around 2.60 crore fully paid-up equity shares of Re 1 each at a price of Rs 57.5 per share, Thomas Cook India said in a regulatory filing.
The number of equity shares proposed to be bought back represent 6.9 per cent of the total paid-up equity capital of the company as on December 31, 2019, it added.
The company has set March 7 as the record date and all those who hold equity shares as on the record date shall be eligible for the buyback, it said.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Stock markets stage strong rebound after 4 days of slump, Sensex rallies 599 pts
PHF Leasing Limited raises $10 Mn through a mix of equity and debt
CCPA asks FSSAI to probe claim of Nestle adding sugar to baby products
Markets tank in early trade as Middle East tensions flare-up
Tesla shares tumble below $150 per share, giving up all gains made over the past year
MUST WATCH
Latest Additions
Low back pain, depression, headaches main causes of poor health: Study
Can AI Read Our Minds? And Should We Be Worried About It?
Lok Sabha Elections 2024: Zero voter turnout in 6 Nagaland districts amid shutdown call by ENPO over separate territory demand
CET 2024: At least 45 questions out of syllabus, claim students
Former BJP MLAs Malikayya Guttedar, Sharada Shetty join Congress